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Are yarn exporters showing sign of Ostrich Syndrome as Pakistan pips India to third?

Related Keywords: China yarn import, cotton yarn export, cotton yarn import, Vietnam yarn export, yarn import india, yarn import pakistan

After Vietnam relegating India to second since March this year, now Pakistan pips India to third position in supplying cotton yarn to China. India was until February, the top cotton yarn supplying nation to China. In August 2016, Pakistan overtook India by supplying 34 million kgs of cotton yarn while India could ship only 21 million kgs and Vietnam heading at 61 million kgs. Exactly a year ago, India had exported 66 million kgs with Vietnam at 45 million kg and Pakistan at 41 million kg.

Vietnam becomes largest supplier of cotton yarn to China, relegates India to second

Related Keywords: China yarn import, cotton yarn export, cotton yarn import, Vietnam yarn export, yarn import india, yarn import pakistan

India, which once led as a cotton yarn supplying nation to China is now been relinquished to second position. This was done by not so powerful as an economy or a textile giant, Vietnam. And this not the story of aberration, it has been the top supplier of cotton yarn to China since March 2016, when it overtook India. And that too, at a much higher unit price realization than India and also Pakistan, the lowest in the rung.

Vietnam crowding out India from China yarn market, a threat?

Related Keywords: China yarn import, cotton yarn export, nylon filament export, polyester filament yarn export, polyester yarn export, Spun yarn export, Vietnam yarn export, viscose filament yarn export, viscose yarn export

Spun yarn exports in April 2016 jumped 12 per cent in volume terms and were up 1.7 per cent in value terms. Spun yarn (all kinds) shipments were at 112.2 million kg worth US$299 million or INR1,971 crore, implying per unit realisation of US$2.66 per kg.

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